Saunders to profit from BHS shares

Robin Saunders, WestLB's leading buy-out specialist, stands to make several million pounds as a result of a private option arrangement over some of Philip Green's shares in BHS.

The colourful retail tycoon bought the British high-street stores chain less than two years ago with help from WestLB. The investment bank played a key role in engineering Green's inspired purchase and, with Barclays Capital, helped the controversial retailer...